The State of Financial Security 2020: A Framework for Recovery and Resilience

Most Americans are contending with the twin pressures of stagnant real wages and rising household expenses, all while the systems designed to fill those economic gaps are not equitably reaching millions of Americans. The financial state of our country is grim – fewer than half of American adults possess the savings to cover three months of essential expenses – and it is clear that we need a new framework for understanding and addressing the challenges of household financial insecurity.  

The Aspen Institute Financial Security Program has, for five years, tracked the challenges that face American households and learned from the leadership and example of our partners in the field. They have taken a step back to take stock of what leaders have learned over the past five years. The result is their new framework and an updated vision for the financial security field. Download “The State of Financial Security 2020” today to understand:  

  • A Five-Year Review of Financial Security – and a Roadmap for the Future  
  • Graphic: The New Financial Security Framework 
  • What policymakers, business leaders, and philanthropy need to know for rebuilding a resilient, inclusive America 

The Aspen Institute Financial Security Program thanks the Citi Foundation for its generous support of this report.

Blog Posts

A Persistent Challenge: How Financial Shocks Continue to Undermine Family Financial Security

Most households experience at least one financial shock in a given year, but there are few comprehensive solutions to help them. How can we solve this persistent challenge?

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Publications

Five Forces of Change Shaping the Next Decade of Inclusive Finance

What will the U.S. financial system look like in 10 years? To find out, read our report on the first Aspen Leadership Forum on Inclusive Finance.

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How the National Strategy for Financial Inclusion Can Improve Public Benefit Delivery

The Strategy outlines opportunities to improve benefits delivery, particularly through government provided or purchased financial products and services.

Blog Posts

How the National Strategy for Financial Inclusion Can Strengthen Household Well-Being

The new National Strategy for Financial Inclusion offers opportunities to improve balance sheet outcomes for all Americans.

Publications

The Saver’s Match from SECURE 2.0: The Opportunity to Add Thousands of Dollars to Retirement Savings Accounts for People with Low Income

The Saver’s Match offers a way to add meaningful sums to retirement savings accounts of low income households.

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5 Priorities to Enable Digital Identity in Financial Services

Priorities for a digital identity system that is secure, accessible, and inclusive for all individuals.

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Aspen FSP Launches National Task Force for Fraud & Scam Prevention

This multi-sector task force will formalize a network of stakeholders committed to protecting consumers and restoring trust.

Publications

What Expanding Native American Representation in the Legal Field Can Teach Us About Building a More Diverse Financial Services Industry

This case study takes lessons from the legal field’s efforts to empower Native youth to learn how we can build a financial sector that better serves diverse communities.

Publications

Insurance Against Financial Shocks: The Next Frontier of Financial Inclusion

Learn about the opportunities for increasing the number of Americans who can benefit from insurance coverage when dealing with financial shocks.